12/23/08

How about a nice poke in the eye?

Remember the dueling banjos?

Today we have the Dueling Hegelian Dialectic. We have a real problem (fiat currency), and we need a real reaction, and a real solution. But in parallel, we have a manufactured problem with a timing issue (the bailouts), and a manufactured reaction (provoking people to riot at the appointed scapegoats), and a manufactured solution (Martial Law, new currency, etc.)

But for our overlords, everything has not quite been put into place to manage the problem of our fiat money system imploding, and that's why you have some messy problems like Bernie Madoff having to fall on his sword, and Hank Paulson looking all squirrely in public, and this unfortunate leadership vacuum between the merciful end of GWBush and the beginning of Obama. I really think this was all meant to hang together for just a few more months. It would have been much easier to manage -- for scapegoating purposes -- if Obama got in there before it all came unglued. It would have been nice and neat. The Republican bastards would take the blame, but they would be already gone so it wouldn't matter. But as it stands now, scapegoats are desperately needed in real time, and nobody has left the stage yet. Can we get a volunteer to be the bad guy so we can make our escape? C'mon....somebody?...Bernie?? Super. We love you, baby. Anyone else? We need a few more. We have several trillion dollars of shit to cover up, people. No joke. Come on...who's a team player?

So our overlords are focused on that timing issue. They have got to get everybody wrapped up in some big chocolate mess before the eight weeks are up, because when the problem of hyperinflation hits, there will be no more Mr. Nice Goys in America. And our overlords will have no place to hide. Therefore, somebody has got to be the scapegoat right now, and the bankers drew the short straw. Which is sort of fair, but not totally, as they did not do this all by themselves. They did it with the help of the corporate media and Congress, among others. But hey, those guys are not the designated scapegoats this time. No no no. Somebody has to direct the show.

Enter the REACTION PORTAL. You are getting very sleepy. Veeerrry sleeeepy. Now listen to me. It is time for you to outraged at bankers. Point all your rage at the bankers. Good. Soon you will riot in the streets, just like they did in Greece. Yessss. Veeerry goood. Listen to CNN. Listen to your Congresspeople. Yessss. They have your best interests at heart always. Always. Please riot so we can institute Martial Law. Yesss. We need you to be very upset and distracted now. Yessss. With bankers. Not with us. No No. Listen to us. Just be angry with the bankers. That's right. Goood.

The plan calls for the Treasury Department to buy deeply distressed mortgage-backed securities and other bad debts held by banks and other investors. The money should help[or not help] troubled lenders make new loans and keep credit lines open. The government would later try[they will try, but they will fail] to sell the discounted loan packages at the best possible price.

At the insistence of House Republicans, some[unspecified amount] of the program's $700 billion would be devoted to a program that would encourage[as opposed to require] holders of distressed mortgage-backed securities to keep them and buy government insurance to cover defaults.

The legislation would place "reasonable" limits[as determined by the ultra-rich] on severance packages for executives of companies that benefit from the rescue plan, said a senior administration official who was authorized to speak only on background. It would affect fired executives of financial firms, and executives of firms that go bankrupt. Some[unspecified] of the provisions would be retroactive and some [unspecified]prospective, the official said.

And so forth. I don't even think it's necessary to speculate about the bribes paid into Caymen Island bank accounts that made this legislation possible.

So what I'm trying to say is this: people really should cock an eyebrow at CNN's (or any other) breathless reports about how outraged you should be that the bankers screwed us. You already know that it's outrageous, don't you? Do you really need CNN to tell you that the bankers have destroyed the world economy? Wouldn't it have been much more helpful if CNN had done some fierce investigative reporting...you know...earlier?

And the same for Congress. Spare us the grave concern, you shameless people who have just given yourselves a raise over our dead bodies. I've never known a bunch of lawyers to make the lamest contracts possible for their clients, unless of course they pretend to work for the American people but in reality have been bought and paid for multiple times over by special interests.

All these people should just save their breath. And Americans should tuck their rage in for about eight more weeks and refuse to be baited and lured into some media-led reaction that is sure to make a nice getaway opportunity for the guilty parties. Just hold on for a while longer. Don't react to their little timing problems while they scurry off to count their money stashed away in offshore banks. When it's time to react, you will know. You don't need CNNABCCBSMSNBCFOX to tell you when your money becomes worthless. That's when it all stops. That's when everybody will turn their eyes together on the enemy within. I hope they shit their pants for a change.

13 comments:

We're supposed to be concerned (i.e., scared). They cannot operated confidently without the fear factor. But we can also look at it differently: They want control, yes, but not the messy type that requires force and mobilization of assets. So count on their age old trick of deception.

Their most dismal economic buzzword is "hyperinflation". People think, oh shit, we won't be able to make ends meet, pay the rent, buy food, heat the house, etc. But it can never happen in this economy. Those necessities, which are all the majority of folks spend money on today anyway, will always be priced at the highest level that ensures full consumption of supply. These are products and services that only have value to our overlords when we are consuming them (and giving them a profit).

Another reason why hyperinflation is a hype is that it requires a increase in money supply. We had the great increase in money supply over the last 10-15 years, but with meager inflation. The reason is that production kept up with demand, and it probably always will with modern technical automation. If there is a supply/demand problem today, it is not that demand will outstrip supply, but that supply overwhelms demand. This is one reason why the capitalist overlords have gotten out of a lot of production industries, choosing to let Asia and Mexico pick up the slack. Controlling the much less capitalized service industries make them much less vulnerable to fundamental dynamics. Liquidating a gov't consulting firm is much easier than liquidating a factory.

Yet, another reason why we won't see hyperinflation is that the recent "financial crisis" has pulled billions/trillions out of the capital markets. This was probably long in the planning. But when money disappears (hypothetically) the value of the unit of currency goes up, not down, pressuring down the cost of goods and services causing deflation, not inflation.

But all that lost money will return, I believe, but not to buy up gold or real estate or luxury cars; it will come back to gobble up big industry, to begin what may be (and would be) called the biggest economic miracle in history, under the leadership of their puppet Obama.

The plan must be (what else could it be) to further marginalize the power of the people by greatly increasing the power of wealth (their wealth). But they need people to remain numb slaves to their capital enterprises. They cannot have people hungry and idle and angry at them. They want our bellies full (of their processed crap), watching TV on weekends and otherwise working and consuming our lives away.

I don't know, Pete. You may be right, but it seems to me they don't have it all together despite their plans.

The thing about hyperinflation is that I have not really heard it being used much by TPTB as an instrument of fear -- it's just used to snicker at Zimbabwe. I get the feeling they don't want to touch the possibility of it happening here with a nine foot pole with a ten foot handle.

It's not really clear even among those who claim to understand economics (and I am not one of them), whether we will get deflation or hyperinflation or what. But it is definitely true that they have printed lots and lots of dollars just in the past few months. That erodes our purchasing power, as it has been doing for decades. The money has not disappeared -- it's being hoarded.

Yes, they want to force people into bankruptcy and buy assets cheap. And I'm sure they *prefer* to manage everything without it getting messy, but I don't think things are going to plan for them. Too many people paying attention. 100th monkey stuff.

What part don't they have together within the part of the plan dealing with the U.S., ...other than maybe the Cowboys not making the playoffs?

No, their Asian plan is weak, but they're just smirking at the Amerika plan at this point, ...other than all the blogs.

But they always have it together when it comes to their religion, ...of bigger and bigger golden calves.

Regardless of how they screw up big time, every time, on geopolitical strategy, they never screw up in the battle for money. ...That's the inherent aspect of even operating the house they operate. Money flows only via the means they provide. What that the dollar CAN buy cannot be purchased by Lord Rothchild? How could they get the dollar markets wrong? They are their own genie. A head knod and it's done.

No, they just want us scared. Who's investing in the markets now? Only them.

They'll ride the black Obama to the moon (and this time, yes, it will still be just a metaphor and some video).

I think the short answer is that when a bunch of totally corrupt and greedy people get together and make big plans covered with lies, they tend to screw each other in the process. Not that we would necessarily know until later. This is more or less an article of faith. That's all I got, brother.

The achievement instinct of a swindler is to swindle other lesser swindlers. P.T. Barnum said (something like) "It's a moral duty to take money from a sucker."

Madoff's client list consisted of the captains and kings of finance, the fixers of governments and the triangulators of angles. I think that explains his full-faced smile. In the pantheon, his bust is assured.

Yes, thank you. That's the dynamic I was trying to get at. I don't think Madoff was the last of the giant cons, and notice how various people associated with him are "committing suicide." I would expect the mysterious deaths to escalate over the next couple of months as the twisted people pick each other off. But sooner or later, something is bound to come out that will unravel things.

I really think the Madoff Double Bluff theory has the ring of truth, and that alone, if confirmed, would blow a lot of things right out of the water.

I tend to see it as tribe versus non-tribe. Okay, call me a Talmudist.

But as you wrote, Madoff moves $50B to Israel, calls it lost via fraud. Somehow submarine cables are cut making further electronic funds transfers out of that region impossible. Which jew has lost money in that?

Look at history: It's always been a huge strategic mistake not to see and play jews as a monolith. The problem then becomes confirming who's who.

Actually Pete, I think we're on the same page there. I think the Madoff money is in Israel, and most of the people supposedly defrauded are themselves committing fraud against the US. I don't buy their sob stories. My hope is that somebody might throw a monkey wrench in somewhere. A girl can hope.

Maybe Villehuchet was reaching for that wrench when he paused and instead decided to slit BOTH wrists with a box cutter. At least it wasn't suicide by two shots to the back of the head, as it sometimes goes.

Villehuchet did sound like a decent guy, from the little out there. The fact that he acted "subdued" about the crisis I read as horrified and aghast, as opposed to the histrionics we've been treated to by the other "victims." The psychopaths never get the emotions right. This is their fatal flaw. They don't really know how it's supposed to 'look' and 'sound,' so they just pull something out of their ass. It's like watching badly executed Boston accents in the movies.

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